GOLDEN TEE GOLF CLUB

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Phone

8179054760

Tax Period

2023-01-01 to 2023-12-31

GOLDEN TEE GOLF CLUB, founded in 1987, is a micro nonprofit in the Recreation & Sports sector that reported $54K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $111K exceeded revenue, resulting in a 105% operating deficit.

Mission

NON-PROFIT GOLF ASSOCIATION WHEREBY ANY NET PROCEEDS ARE DISTRIBUTED AS ACADEMIC SCHOLARSHIPS OR DISTRIBUTED TO OTHER EXEMPT ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $21,954 Revenue: $6,079

GOLF TOURNAMENT TO FUND ACADEMIC SCHOLARSHIPS TO YOUTH IN THE COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,664

Program Service Revenue $6,079

Investment Income $0

Other Revenue $43,459

TOTAL REVENUE $54,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,954

Other Expenses $111,232

TOTAL EXPENSES $111,232

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,202	$40,226	+0.3%
Expenses	$111,232	$1,500	+73.2%
Net Income	$-57,030	$38,726	-2.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELVIN BENNETT	PRESIDENT	005.00	Officer Director	$0	$0	$0
LOUIS CARR	VICE PRESIDENT	005.00	Officer Director	$0	$0	$0
HENRY BRAZZILE	TREASURER	005.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$54,202	$111,232	$27,806	$-57,030
2022	$40,226	$1,500	$126,838	$38,726
2021	$222,937	$157,151	$88,112	$65,786
2020	$80,359	$110,470	$22,326	$-30,111